Gensyn Announces Public Auction Of AI Tokens With $1M FDV Entry Point
Gensyn, a decentralized machine intelligence community, introduced that it’ll maintain a public token sale on December fifteenth, with registration at the moment open.
According to the announcement, the entire provide of AI tokens is about at 10 billion, of which 300 million tokens, or 3%, will likely be accessible within the sale, alongside a further 2% allotted as bonus multiplier tokens.
The sale will observe an English public sale format with a valuation cap. The worth per token will vary from a flooring of $0.0001, reflecting a $1 million absolutely diluted valuation, to a cap of $0.1 per token, akin to the final enterprise spherical valuation with a16z at $1 billion. The tick measurement is $0.0001. The sale will happen on the Ethereum Mainnet, with tokens finally distributed on the Gensyn Network Layer 2, and funds will likely be accepted in USDC and USDT. A minimal bid of $100 per person applies.
Furthermore, tokens bought will likely be unlocked on the token technology occasion, apart from US consumers, who could have a 12-month lockup, and non-US members who decide right into a 12-month lockup. Participants who select the non-compulsory lockup will obtain a ten% bonus multiplier on their allocation.
The venture famous that its group has performed a key function within the community’s early progress, and verified members are granted a number of advantages in the course of the sale and following the Mainnet launch. Community members could obtain precedence allocations if demand exceeds accessible tokens, primarily based on measurable contributions equivalent to Testnet exercise and engagement on social platforms. Verified Testnet customers additionally qualify for a sale multiplier, granting further tokens with out rising their bid, with multipliers various based on participation. Upon Mainnet launch, Testnet contributors will obtain additional multipliers on their exercise and earnings, decided by a snapshot of eligible wallets and linked group accounts taken shortly earlier than launch.
Top Testnet contributors will moreover be eligible for a high-performance Gensyn GPU workstation to assist AI workloads and Mainnet compute participation. These workstations are restricted and awarded solely to the highest tiers of Testnet members who additionally have interaction within the token sale.
The sale will likely be managed by the Gensyn Foundation, with proceeds directed towards increasing and supporting the Gensyn ecosystem.
Gensyn: Decentralizing AI Compute To Unlock Global Machine Learning Collaboration
The venture is a decentralized AI computing community that transforms idle GPUs and units throughout the globe right into a distributed “supercluster” for coaching machine studying fashions. The community leverages a trustless blockchain-based verification system, peer-to-peer workload sharing, and open participation, permitting large-scale AI mannequin coaching with out counting on centralized infrastructure. Gensyn’s goal is to make AI computing extra accessible, scale back prices, and foster an open ecosystem for collaborative mannequin growth.
The Gensyn AI token capabilities as a utility token inside the community and doesn’t confer fairness, possession, revenue rights, or every other monetary curiosity. This info isn’t funding recommendation and doesn’t represent a suggestion of securities.
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